C1Part 17A company's share capital
Annotations:
Modifications etc. (not altering text)
Chapter 6Public companies: independent valuation of non-cash consideration
Supplementary provisions
607Penalty for contravention of this Chapter
1
This section applies where a company contravenes—
section 593 (public company allotting shares for non-cash consideration), or
section 598 (public company entering into agreement for transfer of non-cash asset).
2
An offence is committed by—
a
the company, and
b
every officer of the company who is in default.
3
A person guilty of an offence under this section is liable—
a
on conviction on indictment, to a fine;
b
on summary conviction, to a fine not exceeding the statutory maximum.
Pts. 1-39 (except for Pt. 7 and ss. 662-669), 45-47 extended (12.5.2011) by The Companies Act 2006 (Consequential Amendments and Transitional Provisions) Order 2011 (S.I. 2011/1265), art. 5(1), Sch. 1 para. 2